subscribe to our newsletter
Centrepoint announces funding agreement with NAB

Centrepoint announces funding agreement with NAB

Mortgage and wealth group Centrepoint Alliance has completed the refinancing of its premium bank funding with NAB.

Centrepoint says the new arrangement with the major bank has a funding facility limit that is “flexible to meet our growth ambitions, with lower rates, fees and capital requirements”.

“The business is well-positioned and we continue to receive strong support from our long-term clients, and we are developing new relationships weekly,” CEO of Centrepoint Alliance Premium Funding, Bob Dodd, said in a statement to shareholders.

“This new, cheaper facility allows the group to progress our growth strategy.”

The announcement comes after Centrepoint rebranded its various businesses together under a single brand with related sub-brands in June as part of moves to simplify its structure.

Centrepoint Alliance Lending and Centrepoint Alliance Premium Funding have combined to become Centrepoint Alliance Lending Solutions, while Centrepoint Alliance Investment Solutions now houses Ventura, vMAPS and platform solutions.

Associated Advisory Practices has been renamed Centrepoint Alliance Licensee Solutions, while Alliance Wealth and Professional Investment Services is now known as Centrepoint Alliance Financial Advice.

[Related: Centrepoint announces changes to executive team]

Centrepoint announces funding agreement with NAB
mortgagebusiness logo

Latest News

The rapid growth in dwelling values over the past decade is unlikely to be replicated in the near future given current housing market cond...

A new study from the Reserve Bank of New Zealand (RBNZ) seeks to demonstrate how applying limits to loan-to-value ratios (LVR) helped de-ris...

Delinquencies on prime residential mortgages are rising while those on non-conforming mortgages are falling, the latest data from Standard...

Promoted Stories

podcast

LATEST PODCAST: Wayne Byres on mortgages, trusted brands and broker remuneration

Do you expect access to credit to get harder this year?